Answer:
Assets: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ($ million)
Current Assets:
Cash                      $2,292
Accounts receivable           1,061
Prepaid rent                   233
Debt investments (short-term) Â Â 1,160
Total Current Assets                $4,746
Non-current Assets:
Stock investments (long-term) Â Â 3,247
Equipment             1,737
Accumulated depreciation 201 Â Â 1,536
Patents                       234
Goodwill                    3,927
Total non-current assets             $8,924
Total Assets                      $13,690
Current Liabilities:
Unearned sales revenue      413
Accounts payable            152      $565
Non-current Liabilities:
Notes payable (long-term) Â Â Â Â Â Â Â Â Â Â Â Â Â 734
Total Liabilities                    $1,299
Stockholders' Equity:
Common stock           6,283
Retained earnings         6,108      12,391
Total liabilities + equity             $13,690
Explanation:
a) This Yahoo!'s 2017 classified balance sheet shows the current assets, current liabilities, non-current assets, non-current liabilities, and the stockholders' equity with their separate totals. Â It helps in calculating important financial ratios and in making comparisons in absolute dollar terms from one period to the other or from one company to another entity.
